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CNBC
Dec 4, 2012 3:00pm EST
bush tax cuts until december 17th. they didn't handle the payroll tax until december 23rd. i lived inside the beltway. i have a pretty good network on the hill. i think they're going to have some kind of staged in agreement and then agree to attack the entitlement situation in the new year. >> michael, what do you make of what's going on? how do you try and trade this? at least we had some volatility the traders could trade on. now we don't have that. >> i think the lower volatility is telling you this is an extremely resilient stock market. i've been calling this the rocky balboa stock market. the entire scenario playing out is the fiscal cliff ends up being bullish no matter what. spending cuts makes bonds rise, yields fall and making stocks paradoxically even more attractive. they become the new bonds. >> alan, can you tell from option activity which way the markets are betting right now, presuming that not going over the fiscal cliff would be positive for stocks and going over the cliff would be negative? what's the market betting on right now? >> well, i won't even make that p
CNBC
Dec 5, 2012 3:00pm EST
a moment with information on a bipartisan letter from lawmakers that's. putting tax hikes and entitlement cuts firmly on the table. >> i'm bill griffeth. let's show you, and the charts tell the day's story, as it usually does. can you get when the president began speaking at business round table and we learned that at least 40 house republicans are breaking ranks to talk about anything, all possibilities as they said in an open letter. right now the dow is up 110, near the highs of the day. 13,062.59. the nasdaq is going the other direction. blame apple and overall technology having a tough day. down 13 points right now on the nasdaq at 2982. the s&p is holding with a gain of about five points. we'll have more on the markets in a moment. first, let's get to what's going on in washington. more republicans breaking ranks to join what we hope will be a bipartisan call for higher tax rates and entitlement cuts. eamon javers on capitol hill has the very latest details for us. eamon. >> reporter: hi, bill. that letter does call for the speaker to negotiate, including all options on
CNBC
Dec 7, 2012 3:00pm EST
hear you guys say it. give it a crack, jim. >> clarity. i think some kind of clarity as to what tax rates are going to be in a mere 3 1/2 weeks. so that we can start is making some kind of plan. right now the market's on hold. we're all waiting. >> do we need just a plan, or does it have to be a good plan, jim? >> i think a good plan would obviously be a better plan. a good plan would be less taxes going up than more taxes going up. at this point, even a bad plan might be better than no plan. >> austin, it's clear from this jobs report the economy is stuck in second gear. what's it going to take to get to a higher gear right now, do you think? >> i think we got to get the growth rate up in the economy. certainly europe's not any help. what's happening in china and japan is not any help. then you add on top of it what's coming out of washington. i don't think you should get your hopes up about figuring it out before the end of this year. i think there's a pretty deept chance we go over the cliff and then try to sort it out in the beginning of the year. >> lovely. >> joe, when did 146
CNBC
Dec 6, 2012 3:00pm EST
stocks going to be, how can i invest, how can i participate? taxes are likely to go up, but this is a lot of rattling. both sides of the aisle would come together. they'll figure out what's best. at the end of the day, they know they have to help the little guy, the consumer. pool corp. sells everything but the water. they're suppliers for the pool industry. we think they'll grow at 18%. they have very little debt. it's like an annuity. all the pools in this country are seven years old. we love that kind of stock. >> bill, i take issue with the idea this is just saber rattling. if dividends triples, that's going to have a meaningful change in the way people allocate capital going forward. we're already seeing it with special dividends this year. this is a significant change. >> this is not necessarily just, you know, the upset du jour. this can change the economic landscape in 2013 and beyond. >> that's not going to happen. >> what if we wake up on january 2nd, we go over the cliff -- >> why do you say it's not going to happen? >> human nature is to focus on all the worst possibilities. c
CNBC
Dec 10, 2012 3:00pm EST
the middle class, upper class, taxes, i get all that. but i think we're also going to have to talk more about ben bernanke. if we go off the fiscal cliff, it shows the irony of how the feds balance sheets isn't addressing the problem. it isn't addressing unemployment. one hand of the government is trying to do something that isn't working and the other hand is shooting in the foot. i think this is going to be interesting listening to bernanke on wednesday. >> ben has already put it out there there's not a lot the fed can do if we go off the fiscal cliff. you speak to a lot of smart people, rick santelli. >> and he's a smart person as well. >> to feel it's going to be a year of strong dollar or weaker dollar. i ask this because so many companies during their latest earning season have pointed to the strong dollar as a real problem for them if they're a multinational. >> i think the relationship between all the developed countries using printing presses like the dollar, yen, euro, are close to levels and ranges we'll see next year. i think in some of the asian currencies we need to p
CNBC
Dec 3, 2012 3:00pm EST
offering multi-step solution here, including what he's after is $800 billion in revenue through tax reform. that's obviously significantly less than the $1.6 trillion the president asked for his-n his initial offer last week. other details in this offer being reported by nbc. health savings of $600 billion. other mandatory savings of $300 billion. a revision to cpi of $200 billion. and further discretionary savings of $300 billion. guys, it looks like the horse trading is alive and well here in washington. now this offer being extended from the republicans. you can assume that the white house will not think this is enough tax revenue to go forward, but, of course, offers are being exchanged here so that's a sign negotiations are under way, guys. >> let's get into the details here. $600 billion in health savings. what does that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we don't have here is a lot of detail hanging off this christmas tree at this point. we're looking at a couple of bullet points being released now in terms of the scal
CNBC
Dec 10, 2012 4:00pm EST
will tax for gross incomes of $250,000. that's not a deal killer. there was an article this week talking about how dividends -- people buy dividends for income and downside protection. those issues do not go away regardless of what happens with taxes. people need income. >> you told us last time you liked europe. what about here in the united states? what would you buy here? >> well, i wouldn't buy anything if i haven't bought it already. i would sit around and wait. you've got she nan nanigans goi in washington. there are 535 people who have to think i want to keep my job. they'll decide to rise above. this is all going to be wonderful. in the meantime, if you're trying to figure out which way to go, i have traders out here who will tell you every day very difficult thing to do. >> isn't that the case. for sure. >> sandy, weigh in here. what would you be doing? >> actually i take a little bit different view. this fiscal cliff is a grander issue than just the united states. the drag in the u.s. is a big import to the rest of the world. stock markets are supposed to be leading eco
CNBC
Dec 5, 2012 4:00pm EST
some big reforms on medicare and medica medicare, social security is, any of the retirement or tax issues, but i'll tell you this. i think that all these stories aren't necessarily going lead us to the truth. i personally have a very size way i'm approaching this. the president is supposed to leave for a 21-day vacation in hawaii on december 17th. where he is on december 18th will tell me, and i think the markets will pay attention. i find it hard to believe, and i agree with bill and many, who are very not amused by the house taking their long weekend. i'm sure that the president would have no intentions of leaving until these issues are resolved. i think the market is being kind, but i think it's a timing issue. >> yeah, i think that's a good point. somebody mentioned the other day that the president is planning a trip to hawaii on december 17th. i said, what? they said, no, no, no, not unless the deal is done. we'll see about that. meanwhile, the house goes away for a lock weekend. all right, rob. what do you think? you think we're going to get a deal done by the year end? >> i
FOX Business
Dec 5, 2012 3:00pm EST
buybacks. he says they will be taxed at a much lower rate. take a look at the dow jones industrials. we are seeing triple digit gains for pretty much all of the session for the blue chips. money flowing into financials. citigroup is jumping. of nearly 6%. the story there, job cuts. 11,000 of them. leading to a billion dollars in savings. additional layoffs somewhere else down the line. investors are getting this move a thumbs up. we know it is tough for employees. the stock is up more than 7% today. bank of america, as you see, moving higher. the biggest gainer on the dow. jpmorgan solidly in the green. a totally different story at the nasdaq. down on the session. apple getting a 5% haircut at the moment. just under 5%. perhaps tied to the apple, samsung dispute. there is a big court hearing tomorrow. samsung is expected to ask the judge for a brand-new trial. apple down 22% from its september highs. right around the time where the iphone5 with release. the markets showing more conviction today. let's get right to the floor show. i rub, in chicago, i want to start with you. very sha
CNBC
Dec 4, 2012 4:00pm EST
some sort of resolution. they'll come up with some tax cuts, some breaks in spending, and probably kick the can down the road on a lot of it. i love the way this market is acting. it's not selling off with all the bad news, all the bickering, all the bad words on each side. you've got to love the way that this market is holding up here. doesn't mean investors need to be carefree, but overall, it looks like the market is setting up with a lot of negative sentiment out there. looks like there's a lot of opportunity for a big run higher once we get some form of resolution. i really believe we're going to get it. >> you think by year end? >> i really do. i think they want to go home for christmas. they're not going to want to not go home for christmas. you can always count on politicians to do the right thing when all other options have been exploited. they're going to finally get there because they have to. they're not going to solve 100% of it right away. >> jump in, abbigail. >> i think it's too early to be bearish or bullish, for that matter. i think that if we look back to last ye
CNBC
Dec 3, 2012 4:00pm EST
attacked at 15% capital gains tax or dividend tax as opposed to much higher because we know that taxes will probably go higher in 2013. oracle is accelerating payments of 2013 dif dens. they're going to pay second quarter, third quarter and fourth quarter dividends this month. gordon, what has that done to trading and investing environment? all these special dividends. oracle is doing it now, second quarter, third quarter dividends this month so investors can get taxed at the 2012 dividend rate. >> it's bigger than that because it's not only the corporation themselves but corporate executives. cashing out options looking for preferential tax treatment there as well. that's just prudent corporate management. you can't fault them. stocks paying special dividends have been outperforming the spx in the time period since this started happening. in some ways in the convoluted way it's been a positive for the market. >> oracle is down, though o this news. >> oracle is down right now. gordon, you make a really good point. that's where the performance has been, the conditions paying these
CNBC
Dec 6, 2012 4:00pm EST
of tax changes and withholding. talk to us about that. >> the fiscal cliff, one of the things if we're really going to go over it and change the tax basis, the treasury has to call on corporate america to change the withholding tables. all of us get taxes withheld. if they're going to change what rate i'm going to be taxed at, they're going to have to change that table. that's not an overnight process. certainly, the treasury can't afford to let that go too long because everybody will be underwithheld. they'll get a big tax bill. there will be a riot among the people if that happens. what i'm watching is the treasury. if they get nervous enough, they'll ask them to change the tax tables. so far it looks like they smell a deal and haven't asked for it yet. you think we're going to get a deal? >> i think they may try to push it to the end. the other thing i'm watching for is the 17th when the president is due to take his family to hawaii. i don't think he wants to be in hawaii without a deal. something is going to come up. >> ron, what about you? >> i thought the resignation of sen
CNBC
Dec 7, 2012 4:00pm EST
they're doing in washington on tax and regulatory policy. in the near term, the fiscal cliff prevails. in the longer term, the fed will prevail. there's so much mistrust on stocks that i think that still can be a positive catalyst for stocks relative to traditional bonds over the next 12 months. >> i'm going to push back a little bit on that. >> i'm going to break the tie in ralph's favor. >> david, i want to push back a little bit on that. in terms of -- like, is the fed really that much of a factor these days now in terms of keeping the market afloat? >> absolutely. >> it's not losing its bang for its buck? >> it's not as powerful as it was in the fall of 2008 or even 2010, but when you consider that, u.s., long bonds, 1.5%. short-term interest rates, zero. negative on an inflation adjusted basis. the cost of capital is so low. i firmly believe in my lifetime this is the most aggressive fed easing we'll see in the last 5i years. that's what's so powerful. >> i think he just hit the ball into your court. >> i don't know how to say it anymore than that. >> i don't know how much more it co
FOX Business
Dec 6, 2012 3:00pm EST
more than $600 billion in tax increases and spending cuts kick in. the fiscal cliff potentially sending the economy into recession. the fear of the cliff. is that putting a veil over your eyes and pretending you seeing good news that could make better trades for your portfolio? you need to see the forest for the trees. to help do that, liz saunders in a fox business exclusive, charles schwab's vice president and chief investment strategist. what is the biggest mistake that the investor is making right now as it pertains to navigating that very rocky fiscal cliff landscape? >> they are trying to trade around perceived outcomes. that is fairly treacherous. we don't get a sense that a lot of investors are doing that -- [talking over each other] liz: there were buying in on the dips because they are trading around he headlines. >> there's a lot of tax related strategy happening right now, many of which make a lot of sense, but i have asked the question of loss, what would you put money on a particular outcome? i wouldn't. that is a dangerous strategy. >> one scenario could be as dam
FOX Business
Dec 10, 2012 3:00pm EST
directly related to the tax break on dividends? >> absolutely. we're fortunate we are in a position to do it. $100 million in cash. the relatively smaller amount. $12 million i think it makes good sense for us and also good sense for the dollar, going to get texas. it is an interesting situation. good for stockholders and also good for the public. liz: the calendar shoveling to help the shareholders like to say people look magnificent, you are about 98% stakeholder, so your tax bill is a huge savings as well. because he will save $400 million because of this. that articulates how people are being affected, but in the end how important is it to strike a deal? do you feel everything going to be mayhem if we don't? >> i really don't know that. other ceos, with a meeting with a number of ceos and i asked are you preparing for the fiscal cliff? and almost there was a blank. nobody is really thinking that will take place, and if it does we have to manage our business. liz: how are you preparing besides the dividend move? >> i will give a special edition. the reason i am ssying is this, to su
FOX Business
Dec 4, 2012 3:00pm EST
special end of year payment, protecting investors from paying higher taxes in january. a short time ago, management investment firm unvailed a special dividend of a dollar a share in addition to regular quarter dividend, and then there's oracle paying dividends for the next three quarters early. the software company shells out a total of 18 cents a share on december 21st, and, by the way, that's a nearly $200 million payout to the ceo larry ellison, not bad. may be an investor's jackpot, but the stock jumped after announcing there's a $2.75 share on top of the quarterly dividend of 25 crepts a -- cents a share. let's be sure here, it's not just the shareholders, but the executives get payout because they own the stock, obviously, but everybody is there when it's there money. the major averages, nothing wrong with that, but the major averages, that's what you look at, barely moving today, but what's find out what levels traders watching with the move. joining me now, bobby heller from on point executions. pulledded him off the floor right here to our data wizard, and let's pick up on
FOX Business
Dec 3, 2012 3:00pm EST
deal. reach edson with the very latest. rich: $800 billion in revenue increases through a tax overhaul. republicans are still opposed to any tax rate increases in this plan. in a show bipartisanship, republicans say they have co-opt these details from a plant bernsen bowls offered last year. in this letter to the president, republican leaders right this is by no means an adequate long-term solution. it will require fundamental entitlement reform. indeed, though both plant is the exact type of imperfect, but fair one without hurting our economy and creating jobs. today, the white house has demanded an offer from republicans. they now have one. back to you. llri: rich edson, and he thinks. the market is taking a breather today. dupont and 3m are the biggest draggers on the dow. early stocks rising out of the gate out of some good news out of china over the night. hitting a seven month high, but then the u.s. isf number hit at 10:00 a.m. eastern and a wave of selling. manufacturing activity contracted in november. they say the factory index came in at 49.5 in november. down from almost 52
Search Results 0 to 16 of about 17